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As the number of infected people in the Philippines rises, and as more people become aware of the necessity of being tested for COVID-19, De Castro noted that more people are realizing the key role being played by these workers.

As the epidemic is largely a regional and likely a short-term event in China, the resumption of production of Chinese companies abroad will not only boost the global economy, but also show the world that China's opening-up and the pace of outbound direct investment will not be derailed by the outbreak, said Ma Yu, a researcher at the Chinese Academy of International Trade and Economic Cooperation in Beijing.

As the loss of more than 100,000 people to the coronavirus in the United States sinks in, the country's path forward in dealing with the pandemic is far from certain.

As some developed economies gradually withdraw asset purchasing programs or quantitative easing policies, China's monetary authority should consider how to maintain a sound environment for trade and investment to prevent strikes from risk exposure, Lu Lei, deputy director of the State Administration of Foreign Exchange, said at a forum in Beijing.

As the US government has started to actively contain the novel coronavirus pandemic and roll out major economic stimulus, the US stock market is expected to recover, which will help stabilize global financial situation, Liu said.